Common use of Permanent Reduction of Facility Amount Clause in Contracts

Permanent Reduction of Facility Amount. (a) The Borrower may at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent or (y) after the end of the Revolving Period, in each case upon five Business Days’ prior written notice to the Administrative Agent, permanently reduce the Facility Amount (i) in whole upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (b) Notwithstanding anything to the contrary herein, the Borrower may permanently reduce the Facility Amount at any time, provided that if such reduction occurs at any time other than those specified in Section 2.5(a), it shall pay the applicable Prepayment Fee to the Administrative Agent, for the respective accounts of the Lenders.

Permanent Reduction of Facility Amount. (a) The Borrower may at any time upon ten (x10) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent or (y) after the end of the Revolving Period, in each case upon five Business Days’ prior written notice to the Administrative AgentFacility Agent (with a copy to the Loan Registrar), permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) Advances or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (b) Notwithstanding anything As a condition precedent to the contrary herein, the Borrower may permanently reduce any permanent reduction of the Facility Amount at any time, provided that if such reduction occurs at any time other than those specified in pursuant to Section 2.5(a), it the Borrower shall pay to the Facility Agent, on behalf of each Lender any applicable Prepayment Fee; provided that no Prepayment Fee shall be payable (i) in the event that the Lenders fail to make an Advance in accordance with Section 2.2(a) following an Advance Request, (ii) if the Facility Agent has, prior to the Administrative Agentdate of such permanent reduction in whole or in part, declined a request for the respective accounts extension of the LendersRevolving Period under Section 2.6 or (iii) as provided in Section 5.1(e).

Permanent Reduction of Facility Amount. (a) The Borrower may at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent or (y) after the end of the Revolving Period, in each case upon five Business Days’ Days prior written notice to the Administrative Agent, permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (ba) Notwithstanding anything As a condition precedent to the contrary herein, the Borrower may permanently reduce any permanent reduction of the Facility Amount at any time, provided that if such reduction occurs at any time other than those specified in pursuant to Section 2.5(a), it the Borrower shall pay the applicable Prepayment Fee to the Administrative Agent, for the respective accounts of the Lenders, any applicable Prepayment Fee; provided that no Prepayment Fee shall be payable if, as of the date of such permanent reduction (i) the Borrower has made an Extension Request in accordance with Section 2.6 that has been declined by the Administrative Agent and (ii) no Default or Event of Default has occurred and is continuing.

Permanent Reduction of Facility Amount. (a) The Borrower may at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent or (y) after the end of the Revolving Period, in each case upon five Business Days’ Days prior written notice to the Administrative Facility Agent and each Agent, permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) Advances or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (ba) Notwithstanding anything As a condition precedent to the contrary herein, the Borrower may permanently reduce any permanent reduction of the Facility Amount at any time, provided that if such reduction occurs at any time other than those specified in pursuant to Section 2.5(a), it the Borrower shall pay the applicable Prepayment Fee to the Administrative Collateral Agent, for the respective accounts of the LendersLenders and on the date of such reduction, any applicable Prepayment Fee; provided that no Prepayment Fee shall be payable if, as of the date of such permanent reduction (i) the Borrower has made an Extension Request in accordance with Section 2.6 that has been declined by any Lender and (ii) no Unmatured Facility Termination Event or Facility Termination Event has occurred and is continuing.

Permanent Reduction of Facility Amount. (a) The Borrower may may, (x) at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent or (y) after the end of the Revolving Period, in each case Period and upon five Business Days’ Days prior written notice to the Administrative Agent, or (y) at any time that the Administrative Agent fails to approve an Extension Request, permanently reduce the Facility Amount (i) in whole or in part upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (b) Notwithstanding anything to the contrary herein, If the Borrower may permanently reduce reduces the Facility Amount at any time, provided that if time when such reduction occurs at any time other than those specified in is not permitted by Section 2.5(a), it shall pay the applicable Prepayment Fee to the Administrative Agent, for the respective accounts of the Lenders, the Prepayment Fee as set forth in the Fee Letter.

Permanent Reduction of Facility Amount. (a) The Borrower may at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent any Lender or (y) after the end of the Revolving Period, in each case upon five Business Days’ prior written notice to the Administrative Facility Agent and each Agent (with a copy to the Collateral Agent), permanently reduce the Facility Amount (i) in whole upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (b) Notwithstanding anything to the contrary herein, the Borrower may permanently reduce the Facility Amount at any time, provided that if such reduction occurs at any time other than those specified in Section 2.5(a), it shall shall, unless any Lender has, prior to the date of such permanent reduction in whole or in part, declined an Extension Request, pay the applicable Prepayment Fee to the Administrative Collateral Agent, for the respective accounts of the Lenders.

Permanent Reduction of Facility Amount. (a) The Borrower may at any time (x) during the Revolving Period if an Extension Request has been rejected by the Administrative Agent Agentany Lender or (y) after the end of the Revolving Period, in each case upon five Business Days’ prior written notice to the Administrative Agent and each Agent, permanently reduce the Facility Amount (i) in whole upon payment in full (in accordance with Section 2.4) of the aggregate outstanding principal amount of all Advances) or (ii) in part by any pro rata amount that the Facility Amount exceeds the aggregate outstanding principal amount of all Advances (after giving effect to any concurrent prepayment thereof). In connection with any permanent reduction of the Facility Amount under this Section 2.5(a), the Commitment of each Committed Lender shall automatically, and without any further action by any party, be reduced pro rata with all other Committed Lenders such that the sum of all Commitments will equal the newly reduced Facility Amount. (b) Notwithstanding anything The Borrower may at any time, upon five Business Days’ prior written notice to the contrary hereinAdministrative Agent and each Agent, the Borrower may permanently reduce the Facility Amount at in whole or in part upon payment of the outstanding principal amount of any time, provided that if such Term Advances. In connection with any permanent reduction occurs at any time other than those specified in of the Facility Amount under this Section 2.5(a2.5(b), it the Term Commitment of each Lender with a Term Commitment shall pay the applicable Prepayment Fee to the Administrative Agentautomatically, for the respective accounts of the Lendersand without any further action by any party, be reduced pro rata with all other Lenders with a Term Commitment.